Image Credits: Network International | Cropped by GBN
Network International (Network), the leading digital payment company in the Middle East and Africa, has signed a strategic referral arrangement with Citi, a prominent financial services provider based in the US.
The aim of this arrangement is to improve the payment experiences for Citi’s corporate clients by leveraging Network’s comprehensive omnichannel payment solutions. It will enable Citi to offer its corporate clients superior payment management solutions such as, enhanced transaction efficiency, increased security, and seamless payment integration capabilities.
Jamal Al Nassai Group Managing Director for Merchant Services (MENA) – Network International
“We are pleased to enter a referral arrangement with Citi to provide omni channel payment acceptance solutions to large enterprise customers of Citi across the MEA region. This collaboration is a testament of the trust that Citi has in our payment platform which offers wide variety of payment methods along with highest levels of security and convenience. We are confident that this referral arrangement will enable Citi to provide more comprehensive corporate banking services to their valued clients, while enabling Network to strengthen its leadership in the digital payments landscape in MEA region.”
Vivek Vaidyanathan, Citi Treasury & Trade Solutions Head, Middle East & Pakistan commented that, “We are pleased to announce a new referral arrangement with Network International, reinforcing our commitment to investing in our capabilities in the UAE and the region. As clients’ business models evolve and the need for digital collections solutions take center stage, this collaboration perfectly aligns with our strategy to provide solutions to our clients. By collaborating with a leading regional player such as Network International, we are able to offer seamless market-relevant payment experiences thereby helping business to optimize their marketplace payments, business-to-business and direct-to-consumer transaction flows”.
Through this collaboration, Network seeks to assist Citi in digitizing and streamlining their payment processes. The collaboration will also reinforce Network’s position as a preferred partner for payment solutions among financial institutions in the UAE.
Citi Treasury and Trade Solutions (TTS), part of Citi Services, has nearly 1,100 leading multinationals in the Middle East, and over 400 emerging market champions with global or multi-country aspirations. TTS offers advanced payment solutions including 24/7 US dollar clearing for financial institutions, the Citi Global Beneficiary Services Payment Tracker, and Spring by Citi, an end-to-end digital payments acceptance solution.
